Hyundai Heavy Industries: A Substantial Increase In Orders Last Year

- Jan 26, 2018 -

Benefiting from the increase in orders received last year, as of the end of 2017, Hyundai Heavy Handheld orders have significantly increased compared to 2016.

 

It is learned that Hyundai Heavy Industries received a total of 48 new ship orders in 2017 with a total value of about 4.7 billion US dollars, an increase of 21.3% over 2016. As of the end of December 2017, Hyundai Heavy Handheld orders increased to 96, a total of 11.8 billion US dollars.glenflange

 

The orders for new ships Hyundai Heavy Industries received last year include 19 oil tankers, 12 liquefied gas carriers, 10 bulk carriers and 7 container ships. As of the end of 2017, Hyundai Heavy Industries Handheld Order included 26 oil tankers, 25 liquefied gas carriers, 17 container ships and 13 bulk carriers.

 

However, Hyundai Heavy Industries received orders for offshore equipment last year worth only 264 million US dollars, down 33%, which makes Hyundai Heavy Industries Offshore Handheld orders dropped to 1.8 billion.

 

In the meantime, Hyundai Maupu Shipbuilding, the subsidiary shipyard of Hyundai Heavy Industries, received a total of 64 new ship orders last year with a total value of about 2.3 billion U.S. dollars, up 154.5% over the same period of previous year. Among them, most of the new ship orders received by Hyundai Murata Shipyard are oil products / chemical tankers, totaling 51 ships.glenflange

 

As of the end of 2017, Hyundai Oshima Shipbuilding Handheld orders amounted to 109, 4.2 billion US dollars, including 77 oil products / chemical tankers, 10 LPG ships, 6 bulk carriers and 2 car carriers.

 

Hyundai Sanhu Heavy Industries, the other affiliated shipyard of Hyundai Heavy Industries, also saw an increase in orders last year, from 151 billion U.S. dollars in 2016 to 2.8 billion U.S. dollars, an increase of 151%. In the previous year, Hyundai Sanhu Heavy Industries received a total of 36 orders, including 22 oil tankers, four container ships and three liquefied gas carriers, as well as seven unspecified ships.

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